Finding or receiving an old coin can spark an interest in collecting. However, it can be challenging to know how to begin gathering pieces and where to look for them. Here are some tips to help you grow your collection wisely and enhance the enjoyment of this worthwhile hobby. 

How to Start a Coin Collection

1. Collect What You Love

It's easier to learn more about a subject when it aligns with your interests. When beginning to collect old coins, gravitate to the items that fascinate you. For instance, look for a theme that sparks your curiosity, a design you like, or a piece from an intriguing time period. While the coins you start with might not have significant financial value, they will be emotionally gratifying.

2. Understand Value

The value of an old coin varies based on the number minted, the condition, and its desirability. Once you have decided how to start a collection, take the time to research your desired item before purchasing it. Keeping the piece's condition in mind, learn how valuable it is to avoid overspending.

3. Handle with Care

While coins consist of metal, their surfaces are delicate. Damage can occur due to mishandling, affecting their condition and thus reducing their value. When storing the collection, place the pieces in books, sleeves, albums, or folders explicitly designed for coin collecting. 

Using proper care measures prevents impacting a coin's condition while handling it. With a valuable piece, wear cotton or latex gloves to protect it from the natural oils in your fingers. Additionally, only hold it by the edges and avoid cleaning it.

If you need assistance building your coin collection, head to Hawaiian Islands Stamp and Coin in Honolulu. This local dealer has carried a large selection of old coins, including Morgan Dollars, and provided appraisal services since 1973. They also sell currency from around the world and specialize in Hawaiian monarchy artifacts. Visit them online to learn more about their coins for sale, and call (808) 531-6251 to speak with a staff member.